CAclubindia News

Finance Ministry Approves Historic Name and Gender Change for Senior IRS Officer

11 July 2024 at 08:59

In a landmark decision, the Ministry of Finance has approved an appeal by a senior Indian Revenue Service (IRS) officer to officially change her name and gender - the first instance of such a change in the history of the Indian Civil Service.

Posted in Income Tax | 2307 Views

CBIC Issues Amendments to Circular on Proper Officers for GST Registration and Composition Levy

11 July 2024 at 08:54

CBIC issued Circular No. 223/17/2024-GST on July 10, 2024. This circular introduces amendments to the earlier Circular No. 1/1/2017-CT dated June 26, 2017.

Posted in GST | 4434 Views

ICAI May Send Legal Notice to Netflix Over 'Tribhuvan Mishra CA Topper' Series

10 July 2024 at 15:27

ICAI is contemplating legal action against Netflix and the creators of the series 'Tribhuvan Mishra CA Topper.' The series has sparked widespread backlash among CAs and CA aspirants, who argue that it tarnishes the reputation of the profession.

Posted in Students | 16527 Views

GSTN Increases Document Upload Size for Principal and Additional Places of Business Registration

10 July 2024 at 09:11

GST Portal: Increase in size of documents upload in Principal Place of Business and Additional Place of Business for New Registration and Amendment

Posted in GST | 2745 Views

MCA Extends Deadline for Filing Web-Form PAS-7

10 July 2024 at 09:10

The Ministry of Corporate Affairs (MCA) has issued General Circular No. 05/2024 on July 6, 2024, announcing an extension of the deadline for filing Web-form PAS-7.

Posted in Corporate Law | 3027 Views

Budget 2024: Jewellery Industry Anticipates Duty Cuts, Tax Reforms and Streamlined Regulations

10 July 2024 at 09:08

As the 2024-25 Budget presentation by Finance Minister Nirmala Sitharaman approaches on July 23, the jewellery industry is eagerly anticipating potential duty cuts on gold, silver, diamonds, and platinum.

Posted in Union Budget & Policy | 2028 Views

Budget 2024-25: Key Announcements Expected for Senior Citizens

10 July 2024 at 09:05

As FM prepares to present the Union Budget 2024-25 on July 23, senior citizens are keenly anticipating several potential announcements that could significantly impact their financial well-being.

Posted in Union Budget & Policy | 2448 Views

Budget 2024: Call for Amendments to Advance Tax Provisions for Individuals

09 July 2024 at 09:12

Explore potential amendments in Budget 2024 to advance tax provisions under Section 234C of the Income-tax Act, which could ease the financial burden on gig workers, freelancers, and new entrepreneurs.

Posted in Union Budget & Policy | 1 comments | 2169 Views

GSTN Expands Digital Payment Options to West Bengal and 16 Other States

09 July 2024 at 09:08

GSTN announced an update on July 5, 2024, that the GST payment facility is now available through UPI, credit cards, and debit cards in West Bengal.

Posted in GST | 1455 Views

CBDT Issues New Guidelines for Issuing Notices Under Section 148 of the Income Tax Act

09 July 2024 at 09:06

CBDT has issued new guidelines via F.No.299/10/2022-Dir(Inv.III)/1522 dated June 26, 2024. These guidelines are set to bring clarity and consistency in the handling of cases involving income that has escaped assessment.

Posted in Income Tax | 5823 Views